If you wonder why Bitcoin’s (BTC) The price slides during the last two hours, the possible culprit is the market prior to the market on Wall Street, where Nvidia shares (NVDA) They have fallen almost 3%.
The losses follow an advertisement of the China market regulator that NVIDIA supposedly violated the country’s antimonopoolio laws during its acquisition of the Israeli network company Mellanoox Technologies in 2020.
The regulator said Nvidia violated the terms of its conditional approval related to that acquisition, although the specific details of the violations have not been revealed.
The weakness in NVDA is accompanied by a bad pricing action in the cryptography market. When writing, BTC quoted at around $ 114,900, after having reached a maximum of $ 116,755 today. Superior tokens associated with artificial intelligence, such as ICP, Render, FET and GRT, quoted more than $ 4.5% lower in the form of 24 hours.
The NVDA chips manufacturer is the largest public company in market value and acts as a barometer for the feeling of risk in financial markets, including cryptocurrencies and AI -related tokens.
Bitcoin Historically, he has taken NVDA signals, and both touched simultaneously at the end of 2022 to embark on a record bull race.
The three -month rolling correlation between NVDA and Bitcoin Spot ETF of Blackrock was 0.76 starting Friday, according to data source macroaxis.
